secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001437749-25-021869
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 2.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp completes acquisition of Cornerstone Community Bancorp for ~$61.3M
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- Each Cornerstone share converted to 0.6608 Plumas shares + $9.75 cash; total consideration ~$61.3M.
- Plumas assumed $12M in subordinated notes (4.75% fixed-to-floating due 2030/2035).
- Ken Robison appointed to Plumas board; Cornerstone CEO Matt Moseley becomes EVP/Market President.
- Combined pro forma assets ~$2.3B, loans ~$1.5B, deposits ~$1.9B (as of 3/31/25).
- Adds four branches in Anderson, Red Bluff, and Redding, California.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925021869/0001437749-25-021869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925021869/plbc20250701_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-021869

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer